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According to the US Courts Bankruptcy Statistics Web site, more than 801,000 bankruptcies were filed with U.S. courts in 2007, with almost 97 percent of those being personal, non-business filings. The volume of those who face the stress that coincides with bankruptcy filing continues to grow and it can be hard to discern between the six different forms of common bankruptcy and how each might affect you or your business. This book was written with the goal of providing a complete handbook to understanding the complex bankruptcy laws of the United States in an easy-to-read format that will allow you to move forward in your life, either through the bankruptcy process or through viable financial alternatives that help you to avoid filing.

Before you even approach the bankruptcy process, you will learn if there is anything left you can do to salvage your finances. You will learn how to manage existing debt in avoidance of bankruptcy and how to handle debt collectors, and also acknowledging which of the debts that you hold are the most important. You will learn how to decide when bankruptcy is the best or only option left at your disposal, including what a bankruptcy actually entails, from the first piece of paperwork you sign to the lasting effect it has on your credit.

You will learn how to deal with the emotional and social implications of bankruptcy and also what aspects of your life will immediately change as a result. The six different kinds of bankruptcies are outlined in full detail with walkthroughs of what each format offers and when you can utilize them to your advantage. Specifically, detailed instructions for liquidating debt with a Chapter 7 bankruptcy and using a Chapter 13 bankruptcy to rebuild your life are given as well in their own chapters. You will learn what it takes to find and utilize a qualified consumer bankruptcy attorney and exactly what to expect throughout the process.

For businesses that are navigating the complex corridor of bankruptcy filing, information is provided about the specific processes you must follow for your specific kind of business. You will learn how to choose which Chapter to file under and what you must do to protect your personal assets during a business bankruptcy.

Finally, a special section is included to guide you through the harrowing post-bankruptcy process, helping you to rebuild your credit after the process with a timeline of how long you can expect to wait before you start to regain the standing you originally had. You will be given details and tips on how to manage your finances in the future, and interviews taken from bankruptcy experts and individuals with personal experience will help you know exactly what you can expect before, during, and after your bankruptcy. For anyone at the point in their life where they are considering a bankruptcy to solve their financial problems, this guide is a must have tool, providing an easy to read, comprehensive overview of the entire process.

Top customer reviews

This is a well thought through information book. This gives both the consumer and small business owner much to consider concerning the possible need to apply for bankruptcy. The author lists the pros and cons associated with bankruptcy, giving the individual detailed information for them to make an educated decision.This book talks about what may lead up to filing for bankruptcy and what one needs to consider. It also gives in fine detail the different types of bankruptcies that is available to help the individual move forward in life and get out from a debt that is unbearable. It lists what one must do to file for bankruptcy and/or the possible need to have a lawyer do the paperwork for you. There is the discussion of creditors calling and once the paperwork is filed that collection activity must cease. There is also the discussion of what to expect during and after filing for bankruptcy.This is book that anyone who is in dire financial debt should consider reading to at least know what could be available to them. It isn't a get rid of debt quick plan rather a well documented book that gives detailed information concerning what one needs to consider concerning bankruptcy.This book was provided by reviewthebook.com for my honest review.5 of 5 stars.